Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Basket: Discount Stores
Median physical 75.8%
Median FAT 2.80x
Median capex/D&A 1.19x
Median ROIC 22.7%
| Symbol | Name | Sector | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF yield | ROIC | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| DLTR.US | Dollar Tree Inc | Consumer Defensive | 88.3%Physical asset ratio · 2026-01-31(Net PP&E + inventory) / total assetsNet PP&E$9.39BpropertyPlantAndEquipmentNetInventory$2.50BinventoryTotal assets$13.47BtotalAssetsResult 88.3% | 2.07xFixed asset turnover · 2026-01-31Revenue / net PP&ERevenue$19.41BtotalRevenueNet PP&E$9.39BpropertyPlantAndEquipmentNetResult 2.07x | 1.75xCapex / D&A · 2026-01-31Capital expenditures / depreciation and amortizationCapex$1.13BcapitalExpendituresD&A$648.10MdepreciationAndAmortizationResult 1.75x | $16.15Tangible book / share · 2026-01-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$13.47BtotalAssetsGoodwill$423.20MgoodWillIntangibles$0.00Not reported, treated as 0Liabilities$9.71BtotalLiabTangible book$3.33BShares206,300,000commonStockSharesOutstandingIntangibles were not reported and are treated as zero.Result $16.15 | 1.13xFixed-charge coverage · 2026-01-31(EBITDA − capex) / (interest + short-term debt)EBITDA$2.36BebitdaCapex$1.13BcapitalExpendituresInterest$85.50MinterestExpenseShort-term debt$1.00BshortTermDebtEBITDA − capex$1.23BPrincipal due is short-term debt.Result 1.13x | 6.0%Free cash flow yield · 2026-01-31Latest free cash flow / current market capFree cash flow$1.40BfreeCashFlowMarket cap$23.44BMarketCapitalizationResult 6.0% | 22.7%ROIC · 2026-01-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$1.65BoperatingIncomeTax expense$404.20MincomeTaxExpensePretax income$1.63BincomeBeforeTaxTax rate24.8%Equity$3.75BtotalStockholderEquityDebt$2.43BlongTermDebt + shortLongTermDebtCash$717.80McashInvested capital$5.47BReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.Result 22.7% | Heavy & maintained |
| TGT.US | Target Corporation | Consumer Defensive | 83.6%Physical asset ratio · 2026-01-31(Net PP&E + inventory) / total assetsNet PP&E$37.45BpropertyPlantEquipmentInventory$12.30BinventoryTotal assets$59.49BtotalAssetsResult 83.6% | 2.80xFixed asset turnover · 2026-01-31Revenue / net PP&ERevenue$104.78BtotalRevenueNet PP&E$37.45BpropertyPlantEquipmentResult 2.80x | 1.19xCapex / D&A · 2026-01-31Capital expenditures / depreciation and amortizationCapex$3.73BcapitalExpendituresD&A$3.13BdepreciationAndAmortizationResult 1.19x | $34.10Tangible book / share · 2026-01-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$59.49BtotalAssetsGoodwill$631.00MgoodWillIntangibles$0.00Not reported, treated as 0Liabilities$43.33BtotalLiabTangible book$15.53BShares455,600,000commonStockSharesOutstandingIntangibles were not reported and are treated as zero.Result $34.10 | 1.79xFixed-charge coverage · 2026-01-31(EBITDA − capex) / (interest + short-term debt)EBITDA$8.35BebitdaCapex$3.73BcapitalExpendituresInterest$445.00MinterestExpenseShort-term debt$2.13BshortLongTermDebtEBITDA − capex$4.62BPrincipal due is the current portion of debt.Result 1.79x | 4.2%Free cash flow yield · 2026-01-31Latest free cash flow / current market capFree cash flow$2.84BfreeCashFlowMarket cap$67.48BMarketCapitalizationResult 4.2% | 12.8%ROIC · 2026-01-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$5.12BoperatingIncomeTax expense$1.06BincomeTaxExpensePretax income$4.77BincomeBeforeTaxTax rate22.3%Equity$16.17BtotalStockholderEquityDebt$20.29BshortLongTermDebtTotalCash$5.49BcashInvested capital$30.97BResult 12.8% | Heavy & maintained |
| DG.US | Dollar General Corporation | Consumer Defensive | 76.9%Physical asset ratio · 2026-01-31(Net PP&E + inventory) / total assetsNet PP&E$17.47BpropertyPlantEquipmentInventory$6.33BinventoryTotal assets$30.96BtotalAssetsResult 76.9% | 2.45xFixed asset turnover · 2026-01-31Revenue / net PP&ERevenue$42.72BtotalRevenueNet PP&E$17.47BpropertyPlantEquipmentResult 2.45x | 1.19xCapex / D&A · 2026-01-31Capital expenditures / depreciation and amortizationCapex$1.24BcapitalExpendituresD&A$1.05BdepreciationAndAmortizationResult 1.19x | $13.47Tangible book / share · 2026-01-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$30.96BtotalAssetsGoodwill$4.34BgoodWillIntangibles$1.20BintangibleAssetsLiabilities$22.45BtotalLiabTangible book$2.97BShares220,814,000commonStockSharesOutstandingResult $13.47 | 8.17xFixed-charge coverage · 2026-01-31(EBITDA − capex) / (interest + short-term debt)EBITDA$3.24BebitdaCapex$1.24BcapitalExpendituresInterest$230.57MinterestExpenseShort-term debt$14.40MshortLongTermDebtEBITDA − capex$2.00BPrincipal due is the current portion of debt.Result 8.17x | 8.4%Free cash flow yield · 2026-01-31Latest free cash flow / current market capFree cash flow$2.39BfreeCashFlowMarket cap$28.33BMarketCapitalizationResult 8.4% | 14.2%ROIC · 2026-01-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$2.20BoperatingIncomeTax expense$452.28MincomeTaxExpensePretax income$1.96BincomeBeforeTaxTax rate23.0%Equity$8.51BtotalStockholderEquityDebt$4.58BlongTermDebt + shortLongTermDebtCash$1.14BcashAndEquivalentsInvested capital$11.95BReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.Result 14.2% | Heavy & maintained |
| WMT.US | Walmart Inc. | Consumer Defensive | 75.8%Physical asset ratio · 2026-01-31(Net PP&E + inventory) / total assetsNet PP&E$156.96BpropertyPlantAndEquipmentNetInventory$58.85BinventoryTotal assets$284.67BtotalAssetsResult 75.8% | 4.54xFixed asset turnover · 2026-01-31Revenue / net PP&ERevenue$713.16BtotalRevenueNet PP&E$156.96BpropertyPlantAndEquipmentNetResult 4.54x | 1.88xCapex / D&A · 2026-01-31Capital expenditures / depreciation and amortizationCapex$26.64BcapitalExpendituresD&A$14.20BdepreciationAndAmortizationResult 1.88x | $9.65Tangible book / share · 2026-01-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$284.67BtotalAssetsGoodwill$28.74BgoodWillIntangibles$0.00Not reported, treated as 0Liabilities$178.49BtotalLiabTangible book$77.45BShares8,022,000,000commonStockSharesOutstandingIntangibles were not reported and are treated as zero.Result $9.65 | 1.53xFixed-charge coverage · 2026-01-31(EBITDA − capex) / (interest + short-term debt)EBITDA$46.47BebitdaCapex$26.64BcapitalExpendituresInterest$2.80BinterestExpenseShort-term debt$10.14BshortLongTermDebtEBITDA − capex$19.83BPrincipal due is the current portion of debt.Result 1.53x | 1.6%Free cash flow yield · 2026-01-31Latest free cash flow / current market capFree cash flow$14.92BfreeCashFlowMarket cap$946.65BMarketCapitalizationResult 1.6% | 14.4%ROIC · 2026-01-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$29.83BoperatingIncomeTax expense$7.20BincomeTaxExpensePretax income$29.47BincomeBeforeTaxTax rate24.4%Equity$99.62BtotalStockholderEquityDebt$67.10BshortLongTermDebtTotalCash$10.73BcashInvested capital$155.99BResult 14.4% | Heavy & maintained |
| BBY.US | Best Buy Co. Inc | Consumer Cyclical | 68.7%Physical asset ratio · 2026-01-31(Net PP&E + inventory) / total assetsNet PP&E$4.86BpropertyPlantEquipmentInventory$5.23BinventoryTotal assets$14.67BtotalAssetsResult 68.7% | 8.59xFixed asset turnover · 2026-01-31Revenue / net PP&ERevenue$41.69BtotalRevenueNet PP&E$4.86BpropertyPlantEquipmentResult 8.59x | 0.85xCapex / D&A · 2026-01-31Capital expenditures / depreciation and amortizationCapex$704.00McapitalExpendituresD&A$831.00MdepreciationAndAmortizationResult 0.85x | $10.23Tangible book / share · 2026-01-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$14.67BtotalAssetsGoodwill$790.00MgoodWillIntangibles$5.00MintangibleAssetsLiabilities$11.71BtotalLiabTangible book$2.17BShares212,100,000commonStockSharesOutstandingResult $10.23 | 2.32xFixed-charge coverage · 2026-01-31(EBITDA − capex) / (interest + short-term debt)EBITDA$2.28BebitdaCapex$704.00McapitalExpendituresInterest$47.00MinterestExpenseShort-term debt$634.00MshortTermDebtEBITDA − capex$1.58BPrincipal due is short-term debt.Result 2.32x | 6.1%Free cash flow yield · 2026-01-31Latest free cash flow / current market capFree cash flow$1.26BfreeCashFlowMarket cap$20.66BMarketCapitalizationResult 6.1% | 55.6%ROIC · 2026-01-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$1.75BoperatingIncomeTax expense$337.00MincomeTaxExpensePretax income$1.41BincomeBeforeTaxTax rate24.0%Equity$2.96BtotalStockholderEquityDebt$1.17BlongTermDebt + shortLongTermDebtCash$1.74BcashAndEquivalentsInvested capital$2.39BReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.Result 55.6% | Heavy & aging |
| COST.US | Costco Wholesale Corp | Consumer Defensive | 64.7%Physical asset ratio · 2026-08-31(Net PP&E + inventory) / total assetsNet PP&E$38.33BpropertyPlantAndEquipmentNetInventory$19.32BinventoryTotal assets$89.05BtotalAssetsResult 64.7% | 7.91xFixed asset turnover · 2026-08-31Revenue / net PP&ERevenue$303.15BtotalRevenueNet PP&E$38.33BpropertyPlantAndEquipmentNetResult 7.91x | 2.41xCapex / D&A · 2026-08-31Capital expenditures / depreciation and amortizationCapex$6.44BcapitalExpendituresD&A$2.67BdepreciationAndAmortizationResult 2.41x | $80.56Tangible book / share · 2026-08-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$89.05BtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$53.24BtotalLiabTangible book$35.80BShares444,427,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $80.56 | 3.31xFixed-charge coverage · 2026-08-31(EBITDA − capex) / (interest + short-term debt)EBITDA$14.36BebitdaCapex$6.44BcapitalExpendituresInterest$145.00MinterestExpenseShort-term debt$2.25BshortTermDebtEBITDA − capex$7.92BPrincipal due is short-term debt.Result 3.31x | 2.1%Free cash flow yield · 2026-08-31Latest free cash flow / current market capFree cash flow$9.39BfreeCashFlowMarket cap$445.42BMarketCapitalizationResult 2.1% | 38.1%ROIC · 2026-08-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$11.69BoperatingIncomeTax expense$3.03BincomeTaxExpensePretax income$12.25BincomeBeforeTaxTax rate24.7%Equity$35.80BtotalStockholderEquityDebt$8.58BshortLongTermDebtTotalCash$21.30BcashAndShortTermInvestmentsInvested capital$23.08BResult 38.1% | Heavy & maintained |
| DOL.TO | Dollarama Inc | Consumer Defensive | 63.0%Physical asset ratio · 2026-01-31(Net PP&E + inventory) / total assetsNet PP&E$3.66BpropertyPlantAndEquipmentNetInventory$1.10BinventoryTotal assets$7.56BtotalAssetsResult 63.0% | 1.98xFixed asset turnover · 2026-01-31Revenue / net PP&ERevenue$7.26BtotalRevenueNet PP&E$3.66BpropertyPlantAndEquipmentNetResult 1.98x | 0.61xCapex / D&A · 2026-01-31Capital expenditures / depreciation and amortizationCapex$279.34McapitalExpendituresD&A$460.02MdepreciationAndAmortizationResult 0.61x | $1.72Tangible book / share · 2026-01-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$7.56BtotalAssetsGoodwill$801.71MgoodWillIntangibles$178.28MintangibleAssetsLiabilities$6.10BtotalLiabTangible book$475.90MShares276,684,000commonStockSharesOutstandingResult $1.72 | 3.54xFixed-charge coverage · 2026-01-31(EBITDA − capex) / (interest + short-term debt)EBITDA$2.43BebitdaCapex$279.34McapitalExpendituresInterest$209.69MinterestExpenseShort-term debt$398.28MshortLongTermDebtEBITDA − capex$2.15BPrincipal due is the current portion of debt.Result 3.54x | 2.7%Free cash flow yield · 2026-01-31Latest free cash flow / current market capFree cash flow$1.48BfreeCashFlowMarket cap$55.62BMarketCapitalizationResult 2.7% | 34.2%ROIC · 2026-01-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$1.73BoperatingIncomeTax expense$454.75MincomeTaxExpensePretax income$1.76BincomeBeforeTaxTax rate25.8%Equity$1.46BtotalStockholderEquityDebt$2.63BlongTermDebt + shortLongTermDebtCash$331.57McashInvested capital$3.75BReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.Result 34.2% | Heavy & aging |